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I was reading "America's Great Depression" by Rothbard and according to the book the 8 years prior to the great depression there was a 65% (8.12%/year) increase in the TMS. According to the chart on this site, the period of late 2000-2007 there has been an 83% increase (11.8%/year). What...
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See Rothbard's What Has Government Done to Our Money . When a regular person buys a government bond, that person is spending money they had to have somehow received beforehand from someone else. That is, it must have been money that was already in circulation. When the Federal Reserve buys government...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...